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International Business Times
International Business Times
Business

Trump's Tariff Big Bang Puts Global Economy Under Threat

Donald Trump United States Economy China Recession International Monetary Fund
Trump unveiled his latest tariff salvo in an elaborate Rose Garden ceremony (Credit: AFP)

It took just one 50-minute speech by US President Donald Trump to undermine global economic stability and raise the prospect of a recession, with China's countermeasures only amplifying the risk of a debilitating tit-for-tat trade war.

The Wednesday White House event, billed by Trump as "Liberation Day", unveiled levies on dozens of countries including all major US trading partners.

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